Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Business

Nvidia results spark global chip rally

by admin May 30, 2025
May 30, 2025
Nvidia results spark global chip rally

Nvidia shares jumped on Thursday after posting a positive set of earnings, sparking a rally in global semiconductor stocks.

Shares of Nvidia were 6% higher after the company posted better-than-expected earnings and revenue on Wednesday, even as it took a hit from U.S. semiconductor export restrictions to China.

Nvidia has been seen by investors as a bellwether for the broader semiconductor industry and artificial intelligence-related stocks, with its latest strong numbers sparking a rally among global semiconductor names.

Nvidia’s earnings helped boost other chip names, with Taiwan Semiconductor, AMD and Qualcomm all up about 1%.

In Japan, Tokyo Electron closed more than 4% higher, while SK Hynix, which is a supplier of high bandwidth memory to Nvidia, was nearly 2% up at the close of markets in South Korea.

In Europe, ASM International, BE Semiconductor Industries and ASML were all in positive territory.

The semiconductor industry has faced a number of headwinds from uncertainty around tariff policy in the U.S. and chip export restrictions to China.

Companies such as ASML, which makes machines that are critical for manufacturing the most advanced chips, have seen billions wiped off their value as a result.

Nvidia on Wednesday said it wrote off $4.5 billion of H20 chip inventory that it couldn’t ship to China because of export curbs, saying it also calculated $2.5 billion of lost revenue as well.

The restrictions on China do not seem to be going away.

The U.S. has ordered a number of companies, including those producing chemicals and design software for semiconductors, to stop shipping goods to China without a license, according to a Reuters report on Thursday.

Despite this, Nvidia still managed to post financial results for the April quarter that beat market expectations, allaying fears that demand for its graphics processing units, which have become key for training huge AI models, is dwindling.

This post appeared first on NBC NEWS

previous post
Zelensky departs Germany with pledge for help with long-range weapons, but no Taurus missiles
next post
E.l.f. Beauty to acquire Hailey Bieber skin care brand Rhode in up to $1 billion deal

Related Posts

Lara Trump to host weekend show on Fox...

February 7, 2025

Nationwide coordinated retail crime crackdown results in hundreds...

June 5, 2025

UnitedHealthcare sued by shareholders over reaction to CEO’s...

May 9, 2025

FTC asks to delay Amazon Prime deceptive practices...

March 13, 2025

RTX, GE Aerospace expect more than $1 billion...

April 23, 2025

Sports bar chain Twin Peaks is going public....

February 3, 2025

Small-business AI use is lagging, but one firm...

June 26, 2025

How America’s chief consumer-protection agency came into the...

February 14, 2025

Fox streaming service to be called Fox One,...

May 13, 2025

Nvidia CEO Huang sells $15 million worth of...

June 26, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • The Real Drivers of This Market: AI, Semis & Robotics

      August 7, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      August 7, 2025
    • First Quantum Secures US$1 Billion in Gold Stream Deal with Royal Gold

      August 7, 2025
    • Uranium Energy’s Sweetwater Project Fast-Tracked Under Trump Initiative

      August 7, 2025
    • Productivity Commission Says Trump’s Tariffs Will “Redirect” Others to Australia

      August 7, 2025
    • Crypto Market Update: Bitcoin ETFs Shed US$1.46 Billion Amid Stagflation Jitters

      August 7, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 crazyflux.com | All Rights Reserved